3800 Hoover RdBuffalo, NY 14219

Property Details for 3800 Hoover Rd

Year built

1950

Lot size

1.60 AC

Property size (Sq ft)

13,692 SF

Property type

Turn key restaurants

APN

144889 159.11-1-1

APU

1448891591111

Description

This exceptional waterfront restaurant and banquet facility, located at 3800 Hoover Road in Blasdell, NY, presents a unique investment opportunity. The property boasts a classic, remodeled three-story wood-frame structure with a total of 13,692 square feet. Currently, 10,000 square feet of space is available for lease or sale. The building sits on a sizable 6-acre lot and features a stunning covered patio bar on a large concrete deck capable of accommodating 300 people. Enjoy breathtaking, unobstructed views of Lake Erie and the Buffalo skyline. The property includes ample parking with 300 spaces. Built in 1900, this landmark building offers a blend of historical charm and modern amenities, making it ideal for a variety of restaurant or banquet-related businesses. The property is zoned for commercial use and is located in Erie County, NY, with a convenient zip code of 14219. This is a rare chance to acquire a well-established, high-visibility property in a desirable location. The multiple tenancy structure allows for flexibility in usage and potential for expansion. The property's size and features make it suitable for a large-scale restaurant operation or a combination of restaurant and banquet services. Don't miss this opportunity to own a piece of Buffalo's rich history and vibrant waterfront scene.

• CAP approach

  CAP return

  Valuation

  6%

  $3,651,182

  6.5%

  $3,370,322

  7%

  $3,129,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,301,002

  Geo Method

  $3,113,610

• Alternative Use

  Use

  Valuation

  Residential

  $2,842,993

  Hospitality

  $2,604,166

  Educational

  $2,166,636

  Medical

  $2,241,150

  Retail

  $3,370,322

Location Insight

City

Blasdell

County

Erie

State

New York

Latitude

42.7819

Longitude

-78.8554

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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